A Whale has initiated a cycle to go long on ETH, borrowing 10 million USDT after leveraging to buy 8613 ETH.

On May 16, according to @ai_9684xtpa monitoring, a giant whale used leverage to buy 8,613 ETH in the past hour, worth $22.43 million, with an average purchase price of $2,612.33. At present, it has pledged a total of 8,613 ETH and lent 10 million USDT, with a health of 1.86, which will trigger liquidation when ETH falls to $1,399.

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